Pharma Duece Corporation, which manufactures biotech drugs, has been experiencing a tremendous growth in the price of its common stock. The stock price increased from $4.50 on January 1, 20X1 to $18.00 per share on December 31, 20X5. Its current net worth statement is as follows: Common stock (2.0 million shares) $37,000,000 Retained earnings $33,000,000 $70,000,000 Required: What changes would occur in the above statement after a 2 for 1 stock split? (4 marks) Earnings for 20X5 were $1,575,000. What would EPS be before and after the stock split? (2 marks) Does a stock split change shareholder wealth? Explain. (2 marks) Why might a company split its shares? Explain. (2 marks) Submission: Upload a chart showing the changes to the shareholder equity section of the balance sheet and the answers to each question abov